Company quickly launches recruitment campaign, naming two interim co-CEOs to replace him.
Intel CEO Pat Gelsinger retired Sunday, after more than 40 years in the industry.
The company quickly named two interim co-CEOs to hold the fort while it searches for a long-term replacement.
The two co-CEOS are David Zinsner, who currently serves as CFO, and Michelle Johnston Holthaus, who, in addition to her existing responsibility for the company’s client computing group (CCG), now takes on the data center and AI group and the network and edge group in the newly created role of CEO of Intel Products.
Gelsinger was told to retire or be removed, according to a news report by Bloomberg.
However, Intel Board Chairman Frank Yeary spoke kindly of Gelsinger in a statement announcing his retirement. Gelsinger “spent his formative years at Intel, then returned at a critical time for the company in 2021. As a leader, …